Squeeze the silver shorts!
This was the week. So much for that! The longs got f**ked; at least for now.
The PSLV shorts are laughing!
This is just a temporary setback for us stackers!
This was the week. So much for that! The longs got f**ked; at least for now.
The PSLV shorts are laughing!
This is just a temporary setback for us stackers!
$0.02 here, but at a GSR around 98, they better cover them fast OR hope that Gold falls below $3k.
The next move up (silver and miners) could be explosive.
Yeah the short interest in futures was extremely high too.
Who the hell knows how this plays out, but if the stock market keeps crashing, it’s hard to see silver not going lower in sympathy. Some people were saying silver won’t really explode higher until the US stock market finds a nominal low, based on history, and that could be true yet again. I thought “this time might be different.”
Yes, paper silver is already cheap. Could it get cheaper? absolutely, however if it does implode (with the market) premiums for physical will skyrocket and the actual metal prices may fall a bit (March 2020), but only to explode higher once the panic subsides. It’s this latter scenario where I think the ‘explosion’ happens. Instead of trying to pick a bottom, I’m just going to ride this out. Look at what gold didn’t do in the GFC and the C19 crash. That’s where my eggs are.
Whenever you hear Silver Squeeze your first move should be to tighten your butt cheeks cause you are about to get bent over and done dry.